A group of 21 European airlines has agreed to overhaul how they market the environmental impact of air travel, after EU consumer protection authorities found that some of their claims could mislead passengers about what paying extra for “green” flight options actually achieves.
Telecoms regulators from the United Kingdom, United States, Canada, Australia and New Zealand have agreed to step up cooperation to shore up the security and reliability of global communications networks, following three days of meetings hosted by Ofcom in London.
The Financial Reporting Council has issued sanctions against BDO and two former audit engagement partners after uncovering systemic failures that allowed a Senior Manager at the firm to carry out dishonest conduct on numerous audits over several years.
First Trust Portfolios has agreed to pay a $10 million fine and accept a censure after the Financial Industry Regulatory Authority (FINRA) found the firm provided lavish gifts and entertainment to broker-dealer representatives in violation of longstanding limits on non-cash compensation tied to investment product sales. The settlement is outlined in a Letter of Acceptance, Waiver and Consent (AWC) that First Trust submitted without admitting or denying the findings.
Germany’s financial watchdog has fined J.P. Morgan €45 million after identifying widespread failures in the bank’s processes for reporting suspicious transactions, according to a notice from the Federal Financial Supervisory Authority (BaFin).
Australia’s privacy and information rights regulator says it made meaningful strides in enforcement, transparency, and public trust over the past year, according to the Office of the Australian Information Commissioner’s (OAIC) newly released Annual Report for 2024–25.
The Italian Competition Authority has fined Man Project €300,000 for what it determined to be an unfair commercial practice involving the sale of clothing items under the Coveri Tailor brand. According to the Authority, the company misled consumers by presenting garments as discounted items from earlier or higher-priced collections, when in fact the products had never been sold in traditional retail stores.